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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market

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Speaker 1: harnessing the power of Bloomberg data. Let's take a look

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Speaker 1: at some stocks in the move today.

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Speaker 2: John Tucker parsing the Stock Movers and only could do

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Speaker 2: it today because he used his PDF files. What do

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Speaker 2: you have? They have been under very intense pressure in

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Speaker 2: the age of artificial intelligence to try to keep up.

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Speaker 2: Adobe's chief executive officer, Shinantu Narian, is going to resign

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Speaker 2: from his position. He served as CEO for eighteen years.

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Speaker 2: Very widely respected. The stock has declined though, about twenty

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Speaker 2: three percent so far this year, and putting it near

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Speaker 2: its lowest level in three years. They of course make

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Speaker 2: Photoshop and other products for the creative arts professionals. Among

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Speaker 2: your group of application software companies, you know the story,

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Speaker 2: including salesforce seen is struggling to win new comin customers

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Speaker 2: in the face of all these AI upstarts. Adobe's work

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Speaker 2: to weave artificial intelligence was through its creative in marketing software.

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Speaker 2: It also offers the own its own range of AI

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Speaker 2: models meant to generate imagery that doesn't necessarily carry copyright

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Speaker 2: risk that's important in an effort to keep its market share,

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Speaker 2: So the CEO oversaw a period of huge growth at

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Speaker 2: the company. The annual revenue has multiplied almost six times

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Speaker 2: to twenty four billion dollars since he took over at

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Speaker 2: the end of two thousand and seven, and the workforce

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Speaker 2: grown from about seven thousand to more than thirty thousand.

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Speaker 2: He's often credited with steering one of the first successful

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Speaker 2: transitions in software to a business model where customers, by

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Speaker 2: the recurring subscribe that subscription that rather than those one time.

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Speaker 2: Why is he leaving? Do we know?

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Speaker 1: Is it just retiring or.

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Speaker 2: Because they don't think the company is performing the way

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Speaker 2: it's good? They is down twenty three percent year to date. Yeah,

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Speaker 2: exactly what do you got next? When I get dragged

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Speaker 2: into these stores, I always marvel and I get dragged

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Speaker 2: in literally, I always marvel at what the margins must be.

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Speaker 2: All to Beauty offering guidance for the current year toward

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Speaker 2: the low end of expectations, Though the Cosmetic Exchange reporting

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Speaker 2: strong revenue growth expansion to regions like the Middle East,

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Speaker 2: the outlook suggest Alta, though is now taking a cautious

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Speaker 2: approach comp sales expected to rise in a range of

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Speaker 2: two and a half to three and a half percent

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Speaker 2: this year, compared with a three and a half percent

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Speaker 2: average chanalyst inestiment. Top range for earnings per year also

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Speaker 2: only slightly higher than the average estimate. The stock has

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Speaker 2: nearly doubled. It's been successful, so it's far past the pace.

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Speaker 2: The s and P five hundred give us one more.

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Speaker 2: Once Upon a Farm o FRM the ticker. This is

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Speaker 2: the organic kids snacks maker, forecasting slowing the sales growth

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Speaker 2: this year. This is the first report as a public company.

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Speaker 2: Them in public in February raised nearly two hundred million.

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Speaker 2: It has risen thirteen percent until they closed yesterday. The

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Speaker 2: company founded in twenty fifteen. Jennifer Gardner and the chief

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Speaker 2: executive officer, John Porker, joined in twenty seventeen. The actor

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Speaker 2: is the co founder and the chief brand Salsage. Today well,

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Speaker 2: it's lower markets.

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Speaker 1: The Stockmover's report from Bloomberg Radio. Check back with us

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Speaker 1: throughout the day for the latest roundup of companies making

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Speaker 1: news on Wall Street and for the latest market moving headlines.

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Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

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